People familiar with the matter: Hong Kong local institution Value Partners also applied to issue a virtual currency spot ETF, but then withdrew voluntarily due to poor preparations
2024-04-27 06:42:45
Blue Whale News learned that in addition to Bosera, Huaxia, Harvest, Hong Kong local institutions Value Partners also applied to issue virtual currency spot ETFs, but they did not appear in the approved list in the end. People familiar with the matter told Blue Whale News that Value Partners withdrew after applying because of poor preparations, tight time, and insufficient manpower. In addition, compared with the other three companies, Value Partners mainly does active business in Hong Kong, and the ETF business is relatively weak, so it plans to wait and see.
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